Annual report pursuant to Section 13 and 15(d)

PROPERTY AND EQUIPMENT

v3.7.0.1
PROPERTY AND EQUIPMENT
 12 Months Ended
Dec. 31, 2016
Property, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT
NOTE 9. PROPERTY AND EQUIPMENT
 
The following is a summary of the categories of our property and equipment:
 
 
 
As of December 31,
 
 
 
2015
 
2016
 
 
 
(Dollars in thousands)
 
Land
 
$
32,679
 
$
32,402
 
Buildings
 
 
29,099
 
 
29,070
 
Office furnishings and equipment
 
 
39,071
 
 
37,386
 
Office furnishings and equipment under capital lease obligations
 
 
228
 
 
228
 
Antennae, towers and transmitting equipment
 
 
83,943
 
 
84,144
 
Antennae, towers and transmitting equipment under capital lease obligations
 
 
795
 
 
795
 
Studio, production and mobile equipment
 
 
30,598
 
 
28,668
 
Computer software and website development costs
 
 
28,134
 
 
20,042
 
Record and tape libraries
 
 
55
 
 
27
 
Automobiles
 
 
1,298
 
 
1,373
 
Leasehold improvements
 
 
15,333
 
 
14,696
 
Construction-in-progress
 
 
6,632
 
 
9,983
 
 
 
$
267,865
 
$
258,814
 
Less accumulated depreciation
 
 
(162,382)
 
 
(156,024)
 
 
 
$
105,483
 
$
102,790
 
 
Depreciation expense was approximately $12.2 million, $12.4 million and $12.6 million for the years ended December 31, 2016, 2015, and 2014, respectively, which includes depreciation of $53,000 for each of these years on a radio station tower valued at $0.8 million under a capital lease obligation. Accumulated depreciation associated with the capital lease was $517,000, $464,000 and $411,000 at December 31, 2016, 2015 and 2014, respectively.